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boehner proposed this week. what john boehner is advocating is making medicare available to fewer americans. as it happens, there is brand-new polling out today on how americans feel about the idea of congress using these deficit negotiations to make cuts to medicare. 79% of americans say they do not want congress to touch medicare in these deficit negotiations. 79%. if you want to get specific about john boehner's proposal, what he wants to do to medicare is to raise the eligibility age from 65 to 67. and as it turns out, there is also recent polling on that specific proposal. and it is also super unpopular. look at this. almost 70% of americans say they oppose raising the eligibility age for medicare. that number is slightly higher among republicans than it is for the general population. more republicans oppose john boehner's plan than the already extremely high margin of the general public that opposes john boehner's plan. now, if you're following the news very closely in this slow-motion, groundhog day-esque political negotiation, maybe yoç already knew that john boehner want
taxes on the wealthy, medicare and everything else, you are at a were higher rate? >>guest: of course, this is higher. yes. and you are talking about much higher spending. remember, that government spending is taxation. these guys don't create resources. they redistribute the resources. what they have done here with this, they have had a huge increase in taxes which is why we have the very bad who we have today. it is, unfortunately, we are never going to bring the economy back unless we get control of the spending and get toward the low rate flat tax. can you not do it. >>neil: i don't think either side has offered enough on spending. i think it is baked into the cake it is the result of election and elections have consequences. but on the wealthy i think the rates go up but with the latest proposal, why see enough to adhere to what was the debt commission in cuts, is too little too late, but, too little, more to the point. >>guest: it is too little. what really has to happen here, you are not going to get a good answer in the next two years. you have the groups going at it and they
the table. >> moment yoize social security or voucherize medicare or block grant medicaid you lose us. >> but the new forbes report showing that more people in the states are taking money from the government than the private sector, can our nation afford deal that doesn't put so-called entitlements on the table. i am dave. we'll go to. mike, to you. we have to put entitlements on the table? >> for the sake of the over all economy we must put enments on the table. over the last four years entitlement spending is growing faster than the over all economy. this is why president obama has this country in record debt. that hurt the economy. take-home pay decreased under president obama. we must get entitlements under control. >> rick at the unemployment and housing vouchers. it is 800 billion extra spending. doesn't that have to be cut. >> there is no chance that there will be a dole without entitlement cuts. what sator durbin is talking about is the importance of focusing. if we want a deal you will not doing by taking a wide sprect rum appoach. president clinton was clear when he spoke to
announcer ] if you're eligible for medicare, now is a good time to think about your options. are you looking for a plan that really meets your needs and your budget? as you probably know, medicare only covers about 80% ofour part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to reques to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patnts... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and
know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll never need a referral to see a specialist. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving the needs of people 50 and over for generations... and provided by unitedhealthcare insurance company, which has over 30 years of experience behind it. call today. remember, all medicare supplement
and those who vitally depend on things like social security and medicare and medicaid. they should consider who won and who needs to be considered here. why? because the nobodies is the big shots like they call them also have a stake in how this deal gets cut. and that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>> change, chris, and a thanks to you for tuning in. tonight's lead, holiday spirit gop style. later tonight, gop leaders are expected at the white house for a christmas party. it should be a festive event. maybe they will share some egg nog with the president. maybe sing some christmas carols. maybe some good cheer will be in the air, or maybe not. it might be a bit tough after the republican's new debt offer. for weeks they have called the white house plan a nonstarter. the gop republican in the senate reportedly laughed out loud, the leader of the gop and the senate laughed out loud when he heard about the president's plan and today speaker boehner said the white house plan was a, quote, a la-la land offer. well, earlier to
budget? as you probay know, medicare only covers about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthce inrance company. like all standardized medicare supplement plans, they cover some of what medicare doesn't pay. and could save you in out-of-pocket medical costs. call today to request a free decision guide to help you better understand medicare and which aarp medicare supplement plan works best for you. with this type of plan, you'll be able to visit any doctor or hospital that accepts medicare patients... plus, there are no networks, and you'll nevereed a referral to sesee a specialis. there's a range of plans to choose from, too. and they all travel with you. anywhere in the country. join the millions who have already enrolled in the only medicare supplement plans endorsed by aarp, an organization serving e needs of people 50 and over for generations... and provided by unitedhealthcare insur, which has over 30 years of experience behind it. remember, all medicare supplement plans help co
conservative to moderates to progressives is preservation of medicare, social security and frankly medicaid. and that social security has nothing to do with the deficit. it is solvent and until 2037. medicare is solvent until 2024. you think where we're at, i know as i listen then the question would the republicans get anything, i don't even want to use the word conceding coming together on behalf of the american people where 62% believe on november 6th when the race was over the vote was really on whether or not should be a fair tax burden on those --. melissa: i'll give that to you. let's go ahead and raise taxes. say we do that. that doesn't get us close to solving the problem. i mean we still have $16.3 trillion in debt. we are still running $4 billion a day beyond what we're making. we this huge problem in this country. if it was a house you would throw uppyour arms in distress say, my god, we can never pay all these bills. that is sort of the point. >> i'm not in distress on that. first of all with the tax rrlief for 98% of the americans, we'll turn a reasoned amount of a trillion upw
of raising rates. 1 trillion in spending cuts to including health care reforms such as raising the medicare retirement age and limiting the cost of living adjustments for social security recipient. meanwhile, a brand new poll dismisses the president's claims of a mandate to raise taxes. a survey of 800 obama voters split right down the metal on the political ppll on how they want obama to cut the deficit. 41 percent responded in favor of spending cuts. 41 percent of respondents saying they favor tax increases. the white house says it will offer a counterproposal to house speaker proposal. saying that unless he accepts tax increases on the rich the president is willing to go over the cliff. let's get straight to the politics of these developments and the rhetoric and possible economic impact of failure to resolve the issues. joining as, former special assistant to president george w. bush, a veteran political consultants and republican pollster. let's start, if i may, with you. do you think both sides right now are seriously ready to go over the cliff? >> i think the president is very ready
that cutsappened. to >> never. >> i will agree. >> the republican -- >> you are going to see ces in medicar n necessarilysee changes tha republicans -- >> don't believe that, how about obamacare. >> you mightee - >> come on! >> tiny. are you kdi me? >> i tell you, if it goes the way i fear it might be, better no deal than a bad deal. either way, credit rating anxiies will pouncagencyll pouna ponderosa buffet. is not going to be pretty. be prepared for a fiscal cliff, a bad deal -- none of those guys on the republican side -- >> i think look bac at your besellers have a tinge of guilt tat road you to publishe publishing fame a wel lusivers n pin stripes. >> ty are good guys. >> you called them worms. >> they are good guy worms. >> i hate you >>ll right. >> i love you all. neil: i wish we had more time. anyuts are dead on arrival, he'll beere, so is ralph nader nader. lashing back about how u.s. coanies are taking money out, wait until you hear him let her rip. >> but first the democrat who demanded a voioice and g one, demanded a voioice and g one, did h before copd... i took my son shing ever
. so when i found out medicare doesn'tay all my medical expenses, looked at my options. then i got a medare supplement i insance plan. [ male aouncer ] if you're eligle for medicare, you may know it only covers about 80% of youpart b medical expenses. the rest is s up to you. callow and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardizemedicare pplement plans it helps pick up some of what medicareoesn't pay. and could save you thousds in out-of-poet costs. to me, relationships matter. i've been with my doctor for 12 years. now i know il be able to stick with him. [ male announcer ] with these types of plans, you'll be able to visit any doctor or hospital that aepts medicare patients. plus, ere are no networks, and you never need a referral to see a specialis so don't wait. call now and request this free decision gui to help you better understand medica... and which aarp medicare supplement plan ght be best for you. there's a wide range to choose from. weove to travel -- and there's so much more to see. soe
up. but we have to get something in return. big cuts in the medicare program, and we're willing to make a deal is. that essentially the thinking of speaker boehner at this point? >> the president wants the rates to go up, that doesn't solve the problem and we don't want to be back here in another year or 10 years answering the same question. but right after the election, we sent a plan to the president where we gave revenues but looking for spending cuts. and he took three weeks to come back to us. he has gone on still on the campaign trail, still working through. but you have to understand, republicans have not waited to solve this problem and sat back. in the summer, we passed a bill that froze the rates, and passed it. it sat in the senate. we believe we want to solve this problem. we think this is our moment. this is our time. >> is the moment -- does it come down to this, where you would say, look, we'll give you higher marginal tax rates if we get something significant on spending, medicare, in return? >> it doesn't solve the problem. if the president is asking for higher
in the increase, the scheduled increases in medicare and also medicaid and those cuts have to do with pushing and squeezing suppliers, using bargaining leverage of medicare and medicaid to get them to reduce costs. that was at issue during the kman. remember the romney and ryan were claiming the president was taking too much out of medicare. the president is saying i have done that and i'm putting $400 billion of additional cuts on the table and that's all i'm go ing to do. that's all i can do politically. i i've got a lot of democrats who i don't want medicare and social security touched. >> of course the whole irresponsible actions of both sides going on vacation. there have been suggestions notably by warren buffett that congress should not get paid and should not have health insurance until they come to an agreement. >> i think there is a lot of negotiating behind the scenes. staffs are meeting almost constantly. but you raise an interesting point. the optics, as walk likes to call it of going on vacation when you have a fiscal cliff looming if you don't have an agreement are simply awful
in social security is broke, medicare is broke, the country is broke, we are robbing our kid and i ask this question. why do so many people put their faith, hope and trust in the government? because this is the government. this is what you can expect. >> no, because it's stuff. i get my free stuff. sean, right after that interview, i did a thing on the detroit councilwoman who said, you know, we voted for you president obama. where is our stuff? >> the quid pro quo. >> there was, you know, buyer's remorse. it was such a draft contrast between people just trying to survive, make through an emergency, emergency, and others who feel because they voted for president obama, they deserve whatever stuff. >> they want a payback. we supported carter and at least he gave us back something. where's the quid pro quo? we were here for barack obama, we helped make him president twice works is our pay back? she has a point, at least she is being honest, right? >> she has a point, kimberly -- >> i think you are right, but -- >> she's being honest. >> that's scary, though. >> median household income in
" tonight. the aarp lashing out against proposed medicare reform but it may be trying to save its own skin. generation for america president chuck woolery, yes, that chuck woolery of game show lore, is here to explain why. >>> a group of democratic heavyweights one up the president's fiscal cliff plan. forget hitting the rich. alcohol, cigarettes, online gambling, nothing is safe. will the payoff be worth of the pain? we'll debate it. >>> are the salvation army bell ringer jobs only for sexy ladies. one man claims he was fired to make way for beautiful women. is it unfair or good business? even when they say it's not it is always about "money." melissa: all right. first let's take a look at the day's market headlines. you would think the markets would stop getting faked out by the fiscal cliff optimism, would you? but apparently not. that and better than expected data from the service sector sent the dow to a one-month high. >> it was a different story for the nasdaq weighed down by tumbling shares of apple. it had a 6 1/2% decline there and it is the biggest one day loss in four years. fe
medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actual like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. >> hillary clinton and merrl strep best friends. they posed for the dinner for the kennedy center. strep is a fan of the secretary of state. isn't that cute. they do photos. >> gretchen: those kennedy center honors are wonderful. especially the people who introduce them and hopor them . hilary clinton. >> brian: he should cast meryl strep as hillary
who are, you know, middle class, seniors who are on medicare, young people who are trying to get student loans to go to college. i can't ask them to sacrifice and not ask anything of higher income folks. lou: great news on the economy, will higher taxes screw it up? two of the best economic thinkers join us, deutsche bank senior u.s. correspondents will be here joining us next. detroit on the edge of bankruptcy as city councilwoman with a rather direct, plain spoken solution saying it's simple. the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and psonal attention. which is why we arare proud to parer with healh care professionals who understand the difference that quality time with our members can me... that's a very nice cake! ohh! [ giggles [ le announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals w helped us achieve the highest average star rating among n
medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ arles: another hearing on hurricane sandy today. the victims are feeling that they areot being heard. >> fema is doing nothing. they still keep going around in a circle. a lot it is ajoke. charles: this staten island resident says washington is losing focus on hurricane sandy. to bfrank with you, from day one, staten island did not release been high on list o priorities. a lot of people felt that way then. how are you feeling? >> i agree with you. it seems like staten island is a forgotten puddle. you know, we are being forgotten about. i started to wonder is it because it's a repubcan town? because most people ar republicans here. and is this because the majority of people that get loaded for office are republican. the preside
to grow over the next 10 years. mostly thanks to increases in health care spending on medicare and medicaid. the feds are expected to spend more than $3.5 this fiscal year. nearly 3.6 trillion in 2014. 4 trillion in 2016 and 5 trillion by 2021. one former federal budget director says without controlling health care costs any budget deal will fall short. >> we'll still have a enormous amount of work to do so this is just the beginning. we'll be back to the same topic in 2013, 2014, 2015 dmls we made big changes to these programs. >> as for plans to contain spending in these deficit negotiations the white house has $600 billion in various cuts and fee increases on the table. house republicans are offering 1.4 trillion in cuts. democrats say cutting too much too quickly will stunt economic growth. back to you. tracy: doesn't take a rocket scientists to figure that one out. rich edson, thanks very much. >> thanks. ashley: you are all doom and gloom. tracy: skeptical. ashley: all right. our next guest says even if a compromise is reached on a fiscal cliff deal, that's a big if, seri
taxes, but you're going to be the ones tocut medicare. if you want cuts in entitlements, but the mob. i'm not going to do both for you. lou: here is a thought. that is, the obama white house has made a rare mistake, miscalculation. they have incentivized republicans to say, you know, the heck with it. if you're not going to come to the table, we are not going to advance it. you have chosen and we have reached an agreement as to parties for sequestration. we will go along with the tax cuts. that's your decision. sequestration was part -- we are partners on that deal. let her rip. they're going to get twice as much in the way of spending cuts as an increase in taxes that way it's the best deal, and it's also oriented toward the republicans favored. >> the damage it will do to the economy. i don't think the president has a bigger role as he thinks he is. the house will be held by republicans for the foreseeable future, not just two years. midterm elections, six years, sterile for the president. the end of the day he wan a legacy. it's going to be the highest unemployment in history for two
and other health professionals who helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ stuart: it seems like there is less interest in going to the stores. online sales topped $20 billion. that is up 15% compared to last year. twenty-nine days until we fall off the fiscal cliff. timothy geithner says the ball is in the republican report to compromise. >> i cannot promise that. that is a decision that lies in the hands of the republicans. if they recognize the reality that we cannot afford to extend those tax rates, we have a basis of an agreement. stuart: how was that for an introduction. before we launch into your talking points, and i know you well, i want to mention this. the founder of cosco, as you know, he app
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for generations. so it's no surprise millions have chosen an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help cover some of the expenses medicare doesn't pay. and save you up to thousands in out-of-pocket costs. to find out more, request your free decision guide. call or go online today. after all, when you're going the distance, it's nice to have the experience and commitment to go along with you. keep dreaming. keep doing. go long. neation's third largest bank laying off thousands of employees. city bank says the bank will slash 11,000 jobs. that's 4 '% of the workforce. many banks have cut jobs to save money since the 2008 financial crisis. citigroup had survived with the help of two taxpayer bailouts. meanwhile the economy still missing the mark on adding jobs nationwide. employers added fewer new jobs last month and economists were opening and expecting. according to the payroll firm adp the private sector added 118,000 jobs in november. analysts had predicted a gain of 125,000. members of c
star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... your efforts result in the quality of care and service we're able to provide... which means tter health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ neil: you know, seein this girl in a seaworld of hurt. >> i'm out of fish. neil: wow, i bet that 8-year-old will not be back to seaworld any time soon. but if her parents have anything to do with it she will soon own seaworld soon, i digress. >> coming up,ohn oh o'hurley saids why we can learna tt that. little girl is okay. >> but first port workers striking in los angeles and long beach california for 7 days in a row, costing the economy a billion bucks a day, some cool gadgets have you been wanting for christmas they may not make it off of the ships in time. on whether the unions might be going overboard. what is going on here? and what do you see happening? >> i don't know what is going on
in savings over a decade. that includes raging the eligibility age for medicare from 65 to 67. and lowering cost of living increases for social security benefits. they also propose overhauling the tax code to generate $800 billion in new revenue. but without raising taxes on the wealthy. in a letter to the president, leading republicans compared their plan to one erskine bowles drew up last year. >> not even close. >> he rejected that connection and the white house, of course, is hitting the road. we'll get to that in a moment. but here's my question. i've been watching the coverage of this and reading it. and there's a lot of liberals who were like, he won, ha, ha, they're so arrogant about it, it's hard to like them. because it's just not attractive. but he did -- >> yeah, he won. >> and he is going to the american people with this. and why can't the starting point of these negotiations be about the tax rates and go from there. why are we at square one? and why is this on the president at this point? since he won. i understand the first four years being kind of bruising. >> right. >> but
the highestverage star rating among national medicare companies... and become the first and only national medicare advantage mpany to achieve a 5-star rating r a medicare plan... your efforts result in the quality of care and service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male aouncer ] humana. ♪ melissa: says the color of money is a new favorite for 2013 and we have charles payne to help you make some. we're looking at a retail investment with a rather green history. charles: the color of the year is emerald, a shade of green. we're going to talk about jcpennejcpenny and their green y and journey. november 2011, and he is the one. it is worth a billion dollars, everybody is jealous of the guy. february 2012, nauseating. the stock exploded to the upside. investors missed it. this documenthe stock then begio freefall of a series of bad news in science perhaps the tragedy is not working. melissa: it is like a palm. charles: september 2012, deficient in knowledge, the stock rebounds. this is
and other health professionals ho helped us achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medicare plan... youefforts result in the quality of care d service we're able to provide... which means better health outcomes... and more quality time to share with the ones who matter most. i love you, grandma! [ male announcer ] humana. ♪ connell: it is a quarter past the hour, just about. let's go to nicole petallides at the new york stock exchange. nicole: there you go. i am glad it is working. let's take a look at lulu lemon. the stock is actually higher. you think of maybe overpriced deals. they are very good and very good quality. it is based in canada. the stock is to the upside. part of a profit and the analysts expectations. the one thing that we should note is sales growth has actually been slowing. that is not a good sign, the winning numbers therefore lulu lemon. let's take a look at the broader market, as well. we are all waiting on the jobs report tomorrow
-cost printing. [ male announcer ] are you on medicare? do you have the coverage you need? open enrollment ends friday, december 7th. so don't wait. now's the time to get on a path that could be right for you... with unitedhealthcare medicare solutions. call today to learn about the kinds of coverage we offer, including aarp medicarecomplete plans insured through unitedhealthcare. these medicare advantage plans can combine parts a and b, your hospital and doctor coverage... with part d prescription drug coverage, and extra benefits... all in one complete plan... for a $0 monthly premium. no more than what you already pay for medicare part b. unitedhealthcare doesn't stop there. we'll cover 100% of your preventive services... like an annual physical and immunizations... and you'll have the flexibility to change doctors within one of the nation's largest networks, dedicated to helping you live a healthier life. other benefits can include vision and hearing coverage -- and the pharmacy saver program gives you access to prescriptions as low as $2... at thousands of pharmacies across the country, in
's not letting up anytime soon. if you're eligible for medicare, you might know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they help pay some of the difference. and could save you in out-of-pocket medical costs. you'll be able to visit any doctor or hospital that accepts medicare patients. plus, there are no networks, and you never need a referral to see a specialist. so don't wait. call now to request a free decision guide to help you understand medicare. and which aarp medicare supplement plan might work best for you. there's a range to choose from, depending on your needs and your budget. and they all travel with you -- anywhere in the country. best of all, you'll be joining the millions who have already enrolled in the only medicare supplement insurance plans endorsed by aarp, an organization serving the needs of people 50 and over for generations. ♪ remember, all medicare supplement ins
but no inflation to adjustments. republicans also want to raise the eligibility age for medicare. the white house does not. there are other differences. nothing matters more to the white house than breaking gop resistance to higher taxes on the wealthy. >> the president certainly has principles here that he intends to stick to which is that he will not sign an extension of the bush era tax cuts for the top 2%. >> erskine bowles said as big as the divide appears, despair is premature. >> that is just like a movie theater you go through each one of these. to get a deal done i am positive you will have to have increased tax rates on the top 2%. i'm also sure that the cuts that the president put on the table for health care entitlements will not be sufficient to get the deal done. >> reporter: republicans said many of their ideas reflected ideas put forward first by erskine bowles, but mr. bowles quickly put out a statement denying that, giving the white house an opportunity to gloat and question the republican seriousness in all of this. here at the white house, th
with entitlements, medicare, medicaid, social security, the real problem here, they say flat out, we're not going to do that. you have some differences with the democrats as well. >> no question. there's division of plenty on capital hill, b u this president is giving a clear impression that he doesn't care what anyone else thinks, democrat, republican, the senate, the house, his team, he'll plunge ahead over the cliff. am i missing something, chris? >> no, that's what he would like most of all. the thing that barack obama would like most of all, and i don't mean this to say that he doesn't love america or whatever else, but what i mean, is that the president is advantaged hugely on the other side of the fiscal cliff. if he can get republicans to join hands, jump, and be on the other side, all the tax rates go up issue and he's negotiating from an advantaged position. if he kept debt that, what he would hope is he can force republicans into app auto fade op the question of tax rates and have the party consume itself ahead of midterms with primary challenges before the 2014 so he's, right now, on
in medicare. he has said that if we can protect ninety 8% -- 98% of americans and 97% of the businesses, if we can agree, all he wants to do is let taxes increase on billionaires and millionaires. that is all he has said. he has said he will then talk about entitlement. he will put -- we have to balance the budget. we need to do that for our children. we cannot do it without reduced -- reducing spending. and he has said he will do that. >> chip, we just heard from scott rasmusson and the polster spoke to colleagues and said democrats and the president are winning the pr war here. why aren't republicans doing a better job explaining what it will mean for our children and grandchildren if we continue every year to run up the federal debts? >> i saw that segment with scott. the problem is do you want to pay more in taxes or will the rich pay more in taxes? the other guys should pay more in taxes. the top 1% in this country pay 40% of the taxes. that's not fair. i wish the president would tell me what is fair? the top 10% pay 70% of the taxes. is that fair? do they want to pay 100% of the tacks?
. >> cutting hundreds of billions of dollars from medicare and medicaid short change the people who need it the most. if you don't want seniors to come up empty, call your members of cgress and tell them don't make a bad deal that cuts our care. neil: if that doesn't tell you real cuts are not coming, neighbor 101 democratic congressman want not to cut social security could drop a hint coming days after the national black cause cues coming further urging all entitlements, not just social security, be left off the cliff talks. you wonder why i fear we had headed for the cliff fast. welcome, everybody, i'm neil cavuto. that's really the deal this week. no deal this week. hence, that if one of the seriously coming behind closed doors, it's one tt risks closing off needed cuts. now that democrats keep taking so much off the table, i don't know about you, but the only concrete thing from washington is pretty much how much to hike taxes, not how much to cut spending. should that worry us? it's a deal so disportioned in raising taxes and not cutting spending, what then? a lot of pressure to kee
address the problems. if you don't start negotiations talk about medicare, they simply are not serious about the long-term fiscal health of this country. gerri: it absolutely is about those entitlement programs. as you look at this huge conundrum, it seems that we are saying that we are starting at the wro end of the stick. we are talking about how much monewe can come up from wealthy people instead of talking about what the government is doing that shouldn't be doing. >> that is right. mark is a smart guy and i agree with him. the spending issue, we simply cannot rein in while we are focusing on taxes. you shall howl nonserious the president is. he sent timothy geithner on a fools errand. he said he wants a balanced approach. but the balance is that republicans come up with everything, and he is allowed kharv on the debt limit. it is hard to understand what the balances of the equation, besides allowing h to retain his approach, which is continuing to spend and rack up massive deficits and continuing higher taxes without any plan that bears that out. remember that his budgethikes taxe
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in medicare reforms and 600 billion in spending cuts. because it doesn't contain tax hikes for the wealthiest americans or specifics about which loopholes will be eliminated, the president immediately rejected the republican proposal. want to know how far apart democrats and republicans are? listen to this. >> i think we're going over the cliff. >> it's unfortunate the white house has spent three weeks doing basically nothing. >> what we can't do is sit here trying to figure out what works for them. >> the president's idea of negotiation is roll over and do what i ask. >> it's clear to me they made a political calculation. if their ideas are different from ours, we can't guess what they are. >> they need to be more specific. >> some specificity from them. >> he can't be serious. >> haven't even begun to be serious. >> we need to get serious. >> i don't think they're serious. >> i would say we're nowhere. period. we're nowhere. >> hard to disagree with that. we're nowhere. period. >> the cliff is grim, and no one is making new year's eve plans because everyone thinks this will be a real clinch
's not the tax code. it's entitlements. 10,000 baby boomers retire a day. social security and medicare are about $50 trillion underfunded combined, and we need to adjust the age of retirement slowly but surely for people under 55 because we're all living longer. you and i need to pay a little more into the system because we can afford it. that's the kind of entitlement reform we need to avoid the coming grief. >> greta: there are two things to do. nothing. i guess there are three things. we can do nothing, manage it, or solve it. manage is sort of a limping along situation. recognizing that more baby boomers are coming along. management is actually getting more of a situation. >> the longer you wait to solve it, the harder it is. if we do nothing, social security runs out of money in 2033. medicare goes broke in 2024, and to fix it, you would have to increase taxes by one-third for the entire population or cut benefits by 28%. if you do it now, you could save the benefit string for those who need it the most, ask people like me to pay more and areduce my benefits because i can afford to take the
rates they want, the medicare cuts they want, the trillion dollars in spending cuts president obama agreed to, hundreds of billions in additional cuts, ending the payroll tax break, ending jobless benefits and they get the opportunity to create a new debt ceiling crisis in a few months. that's on the republican side, what the republicans get in their proposal. what do the democrats get in their proposal? they get this. a promise to end undefined tax deductions and loopholes of some kind at some point maybe next year e. ta da! a fair and balanced middle ground. >> unfortunately, the speaker's proposal right now is still out of balance. >> yes. balance. here's the amazing part, though. after congressional republicans released their plan yesterday, which gives them everything they want and promises democrats that they might get something undefined that they might want maybe some time in the future. we'll talk about it later. after they put forth that sweet deal, this was the reaction from the beltway's conservative class. this is genius. sad ly, this plan leaves conservatives wanting.
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